6
Waiver or modification of assessment, report, and disclosure requirements
6.1
The PRA recognises that there may be circumstances in which a firm may seek to alter one or more of the deadlines set out in the rules, for example the submission date of its report or disclosure date. This could be, for example, when it is undergoing a significant reorganisation, restructure, merger or acquisition.
- 28/05/2021
6.2
In such situations, the PRA may consider whether to grant a waiver from, or modification of, the requirement to assess or publish by the relevant date, or both, where the relevant statutory tests are met. The PRA does not automatically grant applications for waivers or modifications. Details on the PRA’s waiver process are available on the PRA’s webpages.[9]
- 28/05/2021